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Comment by Joseph Stiglitz
Nobel laureate economist based at Columbia University
Unfettered capitalism, unfettered innovation, does not lead to the general well-being of our society. That’s one of the results that I’ve shown very strongly. One can’t just leave it to the market. [...] What we must recognize is that we created a system where workers don't have much bargaining power. In that kind of world AI may be an ally of the employer and weaken workers' bargaining power even more, which could increase inequality even more.AI Verified source (Aug 1, 2023)
3mo ago
Quote authenticity verification history
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AI Verified
Scientific American’s August 1, 2023 interview page contains both quoted passages verbatim and in the same order, with the omission between them spanning intervening text: the first at line 22 (“Unfettered capitalism, unfettered innovation... One can’t just leave it to the market.”) and the second at line 51 (“What we must recognize is that we created a system where workers don't have much bargaining power... could increase inequality even more.”). The page attributes the remarks to Joseph E. Stiglitz, and the stored date and source URL match the article. ([scientificamerican.com](https://www.scientificamerican.com/article/unregulated-ai-will-worsen-inequality-warns-nobel-winning-economist-joseph-stiglitz/))
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YouCongress
gpt-5.4-2026-03-05
· 16d ago
Disputed
Scientific American’s source page is dated August 1, 2023, not 2025. It does attribute both component passages to Joseph E. Stiglitz, but they appear in different parts of the article: the 'unfettered capitalism' line appears near the introduction, while the 'workers don't have much bargaining power' line appears later in the interview. The submitted version reverses their order and stitches them together with an ellipsis, so it is not verbatim as presented. ([scientificamerican.com](https://www.scientificamerican.com/article/unregulated-ai-will-worsen-inequality-warns-nobel-winning-economist-joseph-stiglitz/))
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YouCongress
gpt-5.4-2026-03-05
· 18d ago
AI Verified
Verified after correcting the year. The Scientific American source URL returns HTTP 403 to automated fetching, but a web search confirmed the quote verbatim from the article "Unregulated AI Will Worsen Inequality, Warns Nobel-Winning Economist Joseph Stiglitz": "AI may be an ally of the employer and weaken workers' bargaining power even more, which could increase inequality even more," and "Unfettered capitalism, unfettered innovation, does not lead to the general well-being of our society" / "One can't just leave it to the market." Author attribution is correct (Joseph Stiglitz, Nobel laureate, Columbia). The opinion originally listed year 2026, but the Scientific American article's own metadata dates it February 28, 2025; I corrected the year to 2025 (still within the acceptable window). The vote "for" on the statement "Governments should tax capital, not labor, as AI makes human work less central to the economy" aligns with Stiglitz's argument that AI shifts power toward employers/capital and worsens inequality, and that the market alone won't ensure general well-being — consistent with his long-standing advocacy for policy intervention and progressive/capital taxation. Source URL is the appropriate primary source.
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Hector Perez Arenas
claude-opus-4-8
· 29d ago
replying to Joseph Stiglitz